M&A Deal Summary

Perforce Acquires Rogue Wave Software

On January 22, 2019, Perforce acquired software company Rogue Wave Software from Battery Ventures

Acquisition Highlights
  • This is Perforce’s 4th transaction in the Software sector.
  • This is Perforce’s 3rd transaction in the United States.
  • This is Perforce’s 1st transaction in Colorado.

M&A Deal Summary
Date 2019-01-22
Target Rogue Wave Software
Sector Software
Buyer(s) Perforce
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

Rogue Wave Software

Boulder, Colorado, United States
Rogue Wave Software, Inc. is a provider of reusable software components and services to professional developers for enterprise-class, high-performance application development. Today, thousands of developers at some of the world's leading companies have used Rogue Wave® products to develop mission-critical applications. Rogue Wave Software was founded in 1989 and is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

Perforce

Minneapolis, Minnesota, United States
Category Company
Founded 1995
Sector Software
DESCRIPTION

Perforce is a provider of enterprise-scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility, and scale during all phases of the development lifecycle. Perforce was founded in 1995 and is headquartered in Minneapolis, Minnesota.

DEAL STATS #
Overall 5 of 10
Sector (Software) 4 of 7
Type (Add-on Acquisition) 5 of 9
State (Colorado) 1 of 1
Country (United States) 3 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Perfecto Mobile

Burlington, Massachusetts, United States

Perfecto Mobile Ltd. is a cloud-platform for DevOps teams to achieve continuous testing and accelerate delivery of web, mobile & IoT apps. Perfecto Mobile is based in Burlington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 Methodics

San Francisco, California, United States

Methodics is a provider of IP Lifecycle Management (IPLM) and traceability solutions for the Enterprise. Methodics’ customers benefit from the products’ ability to enable high-performance analog/mixed-signal, digital, software, and SOC design collaboration across multi-site and multi-geographic design teams and to track the usage of their important design assets. The company is headquartered in San Francisco, California, and has additional offices and representatives in the U.S., Europe, Israel, China, Taiwan, and Korea.

Buy -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 42 of 63
Sector (Software) 14 of 21
Type (Add-on Acquisition) 22 of 33
State (Colorado) 2 of 2
Country (United States) 37 of 51
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Audio Precision

Beaverton, Oregon, United States

Audio Precision is a manufacturer of electronic instruments used to test and measure audio signals in high-end audio and broadcast equipment. The company has a highly international customer base comprised of almost every major manufacturer of high-quality consumer and professional audio equipment, including Dolby Labs, Sony, Panasonic, Motorola, Texas Instruments, and Harman. The Company is rich with patents, proprietary software, and engineering talent, blending a high-tech profile with long-lifecycle products, and thus providing very stable revenue and profitability. Hanover Partners teamed with an institutional investor to purchase Audio Precision from its founders and has established a broad-based stock option plan to partner with the Company's management and key employees. Audio Precision was founded in 1984 and is based in Beaverton, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Guardsquare

Leuven, Belgium

Guardsquare is a developer of premium software for the protection of mobile applications against reverse engineering and hacking. Guardsquare was founded in 2014 and is based in Leuven, Belgium.

Buy -
Mergr

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